Algeria to double refining capacity within five years

Algeria's state-run energy group, Sonatrach, has said it plans to invest $80 billion in oil and natural gas projects until 2016 as it seeks to expand the gas resource base, boost refining and petrochemical capacity and curb dependence on imported fuel. The nation produced 1.16 million bpd of oil last month.

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By SUMMER SAID

DUBAI -- Algeria plans to double its refining capacity in
the next five years to meet growing domestic demand and expand
its petrochemical industry, Energy
Minister Youcef Yousfi said Tuesday.

"The current refining capacity in Algeria stands
at around 700,000 barrels per day, which will double in the
next five years through completing six new refineries," Mr.
Yousfi said, according to the official Algerie Presse
Service.

"The increase in refining capacity will allow Algeria
to meet its domestic needs until 2040 and develop petrochemical industries near the
refineries," he added.

Algeria, a member of the Organization of the Petroleum
Exporting Countries and holder of Africa's fourth-largest crude
reserves, produced 1.16 million bpd of oil last month, the same
as in February, according to a survey conducted by Dow
Jones Newswires.

Algeria's state-run energy group, Sonatrach, previously said
it plans to invest $80 billion in oil and natural gas projects until 2016 as it seeks to
expand the gas resource base, boost refining and petrochemical capacity and curb the
country's reliance on imported fuel.

Dow Jones Newswires

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Assuming that other parties involved in the propose expansion go along and forget the disaster of a few months ago. At this rate, investing in a muslem country may prove to be too great a liability for foreign investors.

Salah CHENNTOUF04.10.2013

I am an engineering professional , graduated from Bradford University, U K, with 30 years experience (oil & Gas) in MENA region. During my career , I have gained in-depth knowledge in Technical and Engineering Writing including Project Presentation, Business Proposals, MOU, Terms of Reference, Project Planning , Project Technical Publications, Contracts,Bidding & Strategic Documents, Training, and Operating Procedure Manuals. Fluent in English and French , highly experienced in Technical Translation from English into French, which is my first language.My question is, does HPI, needs someone loc ated in Algeria, to write papers covering main events in the algerian oil & gas industry. If this proposal is of some interest to you, please do not hesitate to contact me, to discuss further this matter.S ChenntoufMob : 213778304599 Residence : 21341643256schenntouf@yahoo.fr